tdc

🇻🇪 Arbitration with Cards in Venezuela.
Hello, I would like to know your opinions about an arbitration method (the famous "bicycle") that many are calculating in Venezuela with the current exchange gap, they use a route based on the following: Buy currencies at low prices (570bs) at the National Bank ➡️ Transfer them to Binance through the new Gpay function and then use the P2P market to sell the dollars at 660bs.

Doing the calculations we have that:
Dollars are purchased at the official rate (570 Bs) using the national bank card. They fund USD in Binance, we know that the bank charges 2.5% for the transaction, Binance charges 3.3% for payment with card, then the USDT is sold in the P2P market at the parallel rate (660 Bs). And, despite the chain of commissions (2.5% + 3.3%), the gap between the official rate and the P2P rate allows for an approximate net profit margin of 8% for each completed cycle. 👀📈

⚠️ The problem is that mathematically, the numbers look good. But operationally, doing this repetitively raises alerts from the national bank's algorithm, with a very high risk of account blocking due to "unusual movements" or violation of terms of use.⚠️

🤔What do you think about this triangulation? Is it taking advantage of a market inefficiency or is it playing Russian roulette with your main bank account? I read your comments and the survey. 👇

#venezuela #USDT #TDC $USDC

BINANCE Credit Card VENEZUELA

While #CACHEA confirms a data leak of its users at #venezuela and other entrepreneurs #UNICORNIOS are promoting their APP, what do you think would be the adoption of a Product like the #TDC Credit Card of #Binance knowing that access to credit is very limited in traditional banks.

Hello trader friends 👋

With the TDC from the Bank of Venezuela, can you buy $USDT ?

#Tdc #BancodeVenezuela #USDT🔥🔥🔥 #BinanceSquareFamily